Personal Income Increased 0.4 Percent in March

Personal income in the United States increased 0.4 percent in March after increasing 0.3 percent in February. Wages and salaries rose 0.3 percent in March after rising 0.4 percent in February.

Current-dollar disposable personal income (DPI)—income after taxes—increased 0.4 percent in March after increasing 0.2 percent in February.

Real DPI—income adjusted for taxes and inflation—increased 0.2 percent in March after decreasing 0.1 percent in February.

Real consumer spending—spending adjusted for price changes—rose 0.1 percent in March after rising 0.5 percent in February, reflecting a decrease in durable goods spending that was more than accounted for by motor vehicles and parts.

Prices increased 0.2 percent in March after increasing 0.3 percent in February. Excluding food and energy, prices increased 0.2 percent in March after increasing 0.1 percent in February.

Personal saving as a percent of DPI was 3.8 percent in March, compared with 3.7 percent in February.

To learn more about personal income and outlays, read the full report.